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    • Federal deficit for previous fiscal year comes in lower than anticipated in budget

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    OTTAWA -

    Annual financial statements show the federal deficit for the previous fiscal year was $23.6 billion lower than the projected in the spring budget.

    According to public accounts documents released Thursday, the federal deficit for the 2021-22 fiscal year was less than expected because of Canada's strong economic recovery from the pandemic and the winding-down of pandemic supports.

    The federal deficit was $90.2 billion, while the 2022 budget projected it would come in at $113.8 billion.

    Revenues increased by $96.8 billion, or 30.6 per cent from 2021, when revenues were lower because of lockdowns and federal government measures, the report says.

    As of March 31, 2022, federal debt was more than $1.1 trillion.

    The debt-to-GDP ratio was down from 47.5 per cent in the previous fiscal year to 45.5 per cent, while public debt charges were up $4.1 billion, or 20.3 per cent, because of higher inflation.

    This report by The Canadian Press was first published Oct. 27, 2022.

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    Opinion

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    opinion Don Martin: How a beer break may have doomed the carbon tax hike

    When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing.

    CTVNews.ca Top Stories

    B.C. NDP leader David Eby took a break from campaigning Monday to address stunning new allegations from the RCMP that Indian diplomats and consular officials are linked to violent criminal activity on Canadian soil.

    'Escalating incidents' between two Hamilton high schools are believed to be connected to a car crash last week that left a 15-year-old boy dead, police say.

    Four guests at an Airbnb east of Toronto made off with a quarter of million dollars worth of jewelry following their stay, police say.

    Embattled B.C. Conservative candidate Brent Chapman is under fire once again, this time for past Facebook comments casting doubt on the official accounts of mass shooting events in Canada and the U.S.

    Canada

    • B.C. NDP leader David Eby took a break from campaigning Monday to address stunning new allegations from the RCMP that Indian diplomats and consular officials are linked to violent criminal activity on Canadian soil.

    • Embattled B.C. Conservative candidate Brent Chapman is under fire once again, this time for past Facebook comments casting doubt on the official accounts of mass shooting events in Canada and the U.S.

    • 'Escalating incidents' between two Hamilton high schools are believed to be connected to a car crash last week that left a 15-year-old boy dead, police say.

    • Four guests at an Airbnb east of Toronto made off with a quarter of million dollars worth of jewelry following their stay, police say.

    • British Columbia's New Democratic Party says it is responsible for a parody social media post that has B.C. Conservative Leader John Rustad promising to bring back McDonald's McRib sandwiches.

    • The Alberta government is proposing additional restrictions on wind and solar farms that conservationists think are more about limiting renewable energy than protecting the environment.

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    • S岣祑x瘫w煤7mesh 脷xwumixw (Squamish Nation) Chef Paul Natrall, the man behind Indigenous food truck Mr. Bannock, is bringing cooking classes on First Nations fare to schools and offices throughout Metro Vancouver.

    • The Celtic Colours Festival is taking place at venues around Cape Breton Island in Nova Scotia from Oct. 11 to 19.

    Sports

    Autos

    • Elon Musk unveils his 'Cybercab' robotaxi

      Tesla CEO Elon Musk unveiled on Thursday his vision of a 'a fun, exciting future,' an 'age of abundance' full of his company鈥檚 self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population 鈥 that he once again promised would be available within a few years.

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      Dozens of cars were pulled out of the Detroit River in west Windsor on Tuesday, causing many questions for Windsorites.

    Local Spotlight

    S岣祑x瘫w煤7mesh 脷xwumixw (Squamish Nation) Chef Paul Natrall, the man behind Indigenous food truck Mr. Bannock, is bringing cooking classes on First Nations fare to schools and offices throughout Metro Vancouver.

    The Celtic Colours Festival is taking place at venues around Cape Breton Island in Nova Scotia from Oct. 11 to 19.

    Sometimes love is written in the stars, but for one couple, it鈥檚 written in the aurora borealis.

    Canadian hip hop artist Dillan King says running 100 marathons in 100 days was not only the hardest thing he has ever done, but the 'proudest accomplishment' of his entire life.

    James Taylor never expected to be walking home with a bag full of groceries he didn't buy.

    This weekend marks the fifth anniversary of a large blizzard that paralyzed Manitoba.

    There was an eye-catching mix of rainbows and lightning over Vancouver following a brief downpour this week.

    Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.

    Saskatchewan鈥檚 Jessica Campbell has made hockey history, becoming the first ever female assistant coach in the National Hockey League (NHL).

    • The B.C. Conservative Party has promised to build a new children's hospital for families south of the Fraser River, though details on the proposal are currently slim.

    • B.C. NDP leader David Eby took a break from campaigning Monday to address stunning new allegations from the RCMP that Indian diplomats and consular officials are linked to violent criminal activity on Canadian soil.

    • A Vancouver Aquarium rescue seal named Biscuits has been named as one of the latest inductees to the viral TikTok trend 鈥淜nights of the Rotund Table."

    • 'Escalating incidents' between two Hamilton high schools are believed to be connected to a car crash last week that left a 15-year-old boy dead, police say.

    • Durham police say two men are facing drug and weapon charges after somebody called police about a late-night altercation in Oshawa.

    • Four guests at an Airbnb east of Toronto made off with a quarter of million dollars worth of jewelry following their stay, police say.

    • Calgary libraries will reopen on Wednesday following a cyber security breach.

    • Calgary Fire Department (CFD) crews responded to a gas leak in the city鈥檚 northwest Monday afternoon.

    • The Ottawa Police Service says a man found suffering from burns in the downtown core Monday morning died in hospital.

    • On Monday, the Mission capped off its annual Thanksgiving tradition with a meal for anyone who needed one.

    • On Monday morning, officers stopped a vehicle that was travelling the wrong way on Baseline Road in Ottawa.

    • Urgences-sant茅 has confirmed that an ambulance was dispatched to a residence in C么te-Saint-Luc following reports of a possible drowning involving a man in his 60s.

    • A Montreal suburb has received a provincial Environment Department permit to go ahead with a long-awaited white-tailed deer cull in a local park that has become overrun with them.

    • Firefighters with the Montreal Fire Service extinguished a two-alarm fire at a vacant building in the Ahuntsic-Cartierville borough on Sunday night.

    • The Alberta government is proposing additional restrictions on wind and solar farms that conservationists think are more about limiting renewable energy than protecting the environment.

    • Boyle Street Community Services and the Bissel Centre, Edmonton organizations that help people dealing with homelessness and poverty, partnered with the Northern Alberta Institute of Technology's culinary program to feed hundreds for the annual holiday at the downtown Boyle Street Plaza.

    • Halifax police have charged a 41-year-old man in the death of his mother.

    • The Halifax Regional Municipality (HRM) is reminding residents that the second of two advance voting days for the 2024 Municipal and Conseil scolaire acadien provincial election will take place on Tuesday.

    • 鈥淜en is a dreamer鈥: Saint John singer-songwriter Ken Tobias passes away at 79.

    • Old buildings can be a little spooky this time of year, but none like the Boyd House in Winnipeg鈥檚 Osborne Village.

    • Sometimes love is written in the stars, but for one couple, it鈥檚 written in the aurora borealis.

    • If you have leftover seeds from your squash soup or pumpkin carving, the Prairie Wildlife Rehabilitation Centre is asking you to donate them instead of throwing them away.

    • Saskatchewan residents have just a few more days to catch a rare glimpse of a comet visible to the naked eye, streaking across the western skies at dusk.

    • With Saskatchewan's election set for Oct. 28, many voters may be wondering what candidates are running in their local ridings.

    • Long-time residents of Regina and those who are new to the city and the country gathered together for a Thanksgiving celebration.

    • Hundreds of people bundled up to take part in a longstanding Thanksgiving Day tradition in Kitchener.

    • According to police, when officers arrived they found the house fully engulfed in flames and were unable to make entry.

    • Police are looking for a missing 14-year-old boy from Kitchener.

    • Saskatchewan residents have just a few more days to catch a rare glimpse of a comet visible to the naked eye, streaking across the western skies at dusk.

    • With Saskatchewan's election set for Oct. 28, many voters may be wondering what candidates are running in their local ridings.

    • A Greater Sudbury woman is upset about the charges laid against the man accused of attacking her son and a group of his colleagues downtown on Saturday.

    • A 36-year-old man is charged with drug-impaired and dangerous driving after a head-on crash in northwest Ontario last Thursday.

    • One person has died and three others were transported to hospital following a three-vehicle collision in St. Clair Township

    • Smash Pickleball is the region鈥檚 only indoor facility dedicated specifically to the sport.

    • A Harriston man has been charged after police said the operator of an ATV crashed into a vehicle parked on Queen Street South in Harrison.

    • The Busby Centre in Barrie held a first-ever Thanksgiving meal Monday afternoon, serving meals to more than 150 people.

    • Provincial police remind motorists about the importance of buckling up after an officer discovered a passenger sitting on a kitchen chair inside the vehicle during a traffic stop in the Town of the Blue Mountains.

    • A recent study ranks Barrie last among large Canadian cities regarding homeowners who have paid off their mortgage.

    • Chatham-Kent police say a 37-year-old Merlin man has died after a two-vehicle collision.

    • Windsor has the fifth highest rate of mortgage-free homeowners in Canada, according to a study by Casivoo.

    • The Town of Tecumseh is getting $1,789,764 from the Ontario government to help renew and rehabilitate critical infrastructure.

    • Embattled B.C. Conservative candidate Brent Chapman is under fire once again, this time for past Facebook comments casting doubt on the official accounts of mass shooting events in Canada and the U.S.

    • B.C. NDP leader David Eby took a break from campaigning Monday to address stunning new allegations from the RCMP that Indian diplomats and consular officials are linked to violent criminal activity on Canadian soil.

    • A key assumption about dwindling numbers of southern resident killer whales pins the blame on a lack of salmon, but a study out of the University of British Columbia has found they have twice the number of chinook available in summer as their much healthier cousins, the northern residents.

    • Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.

    • A U.S. District Court judge in Montana has sentenced a 27-year-old man from Kelowna, B.C., to 18 months in prison for using fake names to buy guns with the aim of selling them in Canada.

    • Nearly two years after a man was stabbed to death in downtown Kelowna, RCMP have made an arrest in the case.

    • The Vancouver Giants scored late to force overtime before winning 4-3 over the Lethbridge Hurricanes Friday night.

    • If you鈥檙e looking for something to do this long weekend, the Lethbridge Corn Maze is open and hosting its annual fundraiser on Monday.

    • Local photographers were amazed by the aurora borealis display in the night sky over Lethbridge on Thursday night.

    • A 36-year-old man is charged with drug-impaired and dangerous driving after a head-on crash in northwest Ontario last Thursday.

    • Provincial police in Hearst, Ont., stopped an unlicensed northwestern Ontario driver for a聽morning traffic infraction.

    • A 32-year-old woman has been charged in connection with the death of an 18-year-old man this past January, according to Ontario Provincial Police.

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